John Brodix Merryman Jr.
1 min readMay 31, 2020

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Often the future is a continuation of the past. Occasionally it is a reaction to it.

The powers that be have gotten overly confident in their own ability to loot society and do not appreciate the competition.

Capitalism is not a market based economy. Markets need money to cirulate, while the premise of capitalism is that creating money is an end in itself.

The problem is that much of this wealth exists as a contract, with the asset backed by a debt, so to store the asset, similar amounts of debt are required. One way is to squeeze the money flowing through the larger economy, requiring it to run on debt and pull that saved money back into circulation.

The other is having the government as debtor of last resort. The capital markets could not function, without the government siphoning up trillions in excess money. The secret sauce of capitalism is that public debt backs private wealth.

The bankers are having their, "Let them eat cake." moment.

Unfortunately for the powers that be, they have taken too much for granted and the situation is starting to look like the Soviet Union, circa 1989.

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John Brodix Merryman Jr.
John Brodix Merryman Jr.

Written by John Brodix Merryman Jr.

Having an affair with life. It's complicated.

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